5.1.55 Question Help Explain the Law of Large Numbers. How does this law apply to gambling casinos? Choose the correct answer below. O A. As the number of repetitions of a probability experiment increases, the proportion with which a certain outcome is observed gets closer to 1. This applies to casinos because they are able to make a profit in the long run because they have a small statistical advantage in each game. B. As the number of repetitions of a probability experiment increases, the proportion with which a certain outcome is observed gets closer to 0. Casinos use the Law of Large Numbers to determine how many players gamble in certain games. O C. As the number of repetitions of a probability experiment increases, the proportion with which a certain outcome is observed gets closer to the probability of the outcome. This applies to casinos because they are able to make a profit in the long run because they have a small statistical advantage in each game. D. As the number of repetitions of a probability experiment increases, the proportion with which a certain outcome is observed gets closer to the probability of the outcome. Casinos use the Law of Large Numbers to determine how many players gamble in certain games.

## Answer

Solution

The answer is, " C. As the number of repetitions of a
probability experiment increases, the proportion with which a
certain outcome is observed gets closer to the probability of
the

outcome. This applies to casinos because they are able to make a
profit in the long run because they have a small statistical
advantage in each game."

Because the probability become approximately equal to theoretical probability,so the casino makes the profit in the long run.

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